Jane Street Group LLC Has $236,000 Stake in Inter & Co, Inc. (NASDAQ:INTR)

Jane Street Group LLC trimmed its stake in Inter & Co, Inc. (NASDAQ:INTR) by 79.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,393 shares of the company’s stock after selling 139,490 shares during the period. Jane Street Group LLC’s holdings in Inter & Co, Inc. were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of INTR. State Street Corp grew its holdings in Inter & Co, Inc. by 254.0% during the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company’s stock worth $22,243,000 after acquiring an additional 2,396,448 shares during the period. Atom Investors LP acquired a new stake in Inter & Co, Inc. during the 3rd quarter worth about $71,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at about $627,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at about $1,764,000. Finally, Walleye Capital LLC acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at about $162,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Inter & Co, Inc. Price Performance

Shares of NASDAQ INTR opened at $4.26 on Friday. Inter & Co, Inc. has a fifty-two week low of $3.88 and a fifty-two week high of $7.84. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 12.17 and a beta of 1.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s 50-day simple moving average is $4.95 and its 200 day simple moving average is $6.13.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their target price on Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating for the company in a research note on Friday, December 13th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $7.30.

About Inter & Co, Inc.

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.